11.22 Ethereum Market Analysis Reference

Ethereum has also failed to rebound recently, with the current trend remaining weak and the price fluctuating within the 2700-2800 range. In the short term, prices have once again reached new lows, touching around 2621 before bouncing back. The trend has entered a weak, volatile consolidation phase, but the upper resistance continues to move downward. If the rebound fails to continue and short-term support at 2700 is broken, there is a possibility of further downside testing. After a clear downtrend with consecutive bearish daily candles, a candlestick with a long lower shadow appeared on November 21, with the low point touching around 2621, indicating some short-term buying support. On the hourly chart, although the price has found support multiple times near 2750, each rebound high has been successively lower (2886→2832→2806), reflecting gradually weakening momentum.
In terms of technical indicators, the daily MACD shows DIF(-252) and DEA(-216) continuing to decline, with the histogram expanding to -72.21, indicating that bearish momentum remains strong. On the hourly chart, although a golden cross has formed on the MACD, it is already close to the zero line, so the short-term upside is limited. Additionally, the current price is well below all EMA lines (7-day 2985, 30-day 3416, 120-day 3706), showing a classic bearish alignment. Therefore, if a short-term breakout occurs, we can follow the trend with a short position. The trend remains weak, so for intraday strategies, we also recommend focusing mainly on short positions during rebounds, with resistance levels at 2830 and 2790.
11.22 Ethereum Short-term Strategy Reference:
Test short at 2815-2875, stop loss 30 points, target below 2780.
Test long at 2581-2611, stop loss 30 points, target above 2660.
There is a delay in article release, and these strategy suggestions are for reference only. The market changes rapidly, so no matter how well you judge the trend, always set your take profit and stop loss to secure your gains. #逆势上涨币种推荐 #美联储会议纪要将公布 #比特币行情观察 $BTC $GT $ETH